Velo3D Inc (NASDAQ:VELO) reported fourth-quarter financial results after the market close on Tuesday. Here’s a look at the key details from the print.
- Velo3D stock is charging ahead with explosive momentum. Why are VELO shares rallying?
Velo3D Beats Estimates In Q4
Velo3D reported fourth-quarter revenue of $9.44 million, beating analyst estimates of $8.68 million, according to Benzinga Pro. The additive manufacturing company reported a fourth-quarter adjusted loss of 54 cents per share, beating analyst estimates for a loss of 56 cents per share.
3D Printer and parts revenue decreased 5% year-over-year, driven by product mix and the number of systems sold. System sales are expected to remain the primary …